Net international investment position
[1]The net international investment position (NIIP) is the difference between the external financial assets and liabilities of a country.[2] External debt of a country includes government debt and private debt. External assets publicly and privately held by a country's legal residents are also taken into account when calculating NIIP.[3] Please note that commodities and currencies tend to follow a cyclical pattern of significant valuation changes, which is also reflected in NIIP.
The International investment position (IIP) of a country is a financial statement of the value and composition of its external financial assets and liabilities. A positive NIIP value indicates that a nation is a creditor nation, while a negative value indicates that it is a debtor nation.
History
The US was the world's largest creditor until the 1960s. However, over the last few decades, the US has become the world's largest debtor. Since the 1980s, Japan replaced the USA as the world's largest creditor nation. With the ascent of the Hong Kong Monetary Authority's credit position since 2015, China (including Hong Kong and Macau) and Japan have been competing for the top creditor position.
List of countries and regions by net international investment position
Countries and regions | Date | GDP[4]
(US$MM) |
Date | NIIP[5]
(US$MM) |
Date | NIIP
(%GDP) |
---|---|---|---|---|---|---|
Albania | 2020 | 14,034 | 2020Q3 | -8,497 | 2019 | −52.1 |
Argentina | 2020 | 382,760 | 2020Q2 | +120,436 | 2019 | 26.3 |
Armenia | 2020 | 12,813 | 2020Q3 | -10,457 | 2019 | −73.1 |
Australia | 2020 | 1,334,688 | 2020Q3 | -670,123 | 2019 | −45.5 |
Austria | 2020 | 432,894 | 2020Q3 | +50,366 | 2019 | 9.6[6] |
Bangladesh | 2020 | 317,768 | 2020Q3 | -43,297 | 2019 | −13.5 |
Belarus | 2020 | 57,708 | 2020Q3 | -30,418 | 2019 | −51.2 |
Belgium | 2020 | 503,416 | 2020Q3 | +242,635 | 2019 | 47.2[6] |
Bhutan | 2020 | 2,587 | 2019 | -2,527 | 2019 | −88.9 |
Brazil | 2020 | 1,363,767 | 2020Q3 | -403,031 | 2019 | −39.6 |
Bulgaria | 2020 | 67,917 | 2020Q3 | -19,038 | 2019 | −31.6[6] |
Cambodia | 2020 | 26,316 | 2020Q3 | -21,265 | 2019 | −98.5 |
Canada | 2020 | 1,600,264 | 2020Q3 | +877,225 | 2019 | 44.5 |
Chile | 2020 | 245,414 | 2020Q3 | -34,523 | 2018 | −23.6 |
Democratic Republic of the Congo | 2020 | 46,062 | 2018 | -19,779 | 2018 | −42.0 |
Colombia | 2020 | 264,933 | 2020Q3 | -163,947 | 2019 | −51.7 |
People's Republic of China | 2020 | 15,222,155 | 2020Q3 | +2,153,832 | 2019 | 15.0 |
Croatia | 2020 | 56,768 | 2020Q3 | -28,632 | 2019 | −51.0[6] |
Cyprus | 2020 | 23,246 | 2020Q3 | -31,920 | 2019 | −116.0[6] |
Czech Republic | 2020 | 241,975 | 2020Q3 | -28,201 | 2019 | −20.7[6] |
Denmark | 2020 | 339,626 | 2020Q3 | +232,808 | 2019 | 78.1[6] |
Egypt | 2020 | 361,875 | 2020Q1 | -193,845 | 2019 | −62.2 |
Estonia | 2020 | 30,468 | 2020Q3 | -6,264 | 2019 | −19.7[6] |
Finland | 2020 | 267,856 | 2020Q3 | -6,291 | 2019 | 1.7[6] |
France | 2020 | 2,551,451 | 2020Q3 | -698,500 | 2019 | −23.3[6] |
Germany | 2020 | 3,780,553 | 2020Q3 | +2,870,034 | 2019 | 71.2[6] |
Greece | 2020 | 194,376 | 2020Q3 | -335,354 | 2019 | −150.6[6] |
Hong Kong | 2020 | 341,319 | 2020Q3 | +1,942,099 | 2019 | 419.1 |
Hungary | 2020 | 149,939 | 2020Q3 | -58,505 | 2019 | −47.9[6] |
Iceland | 2020 | 20,805 | 2020Q3 | +6,997 | 2019(Q1) | 21[7] |
India | 2020 | 2,833,874 | 2021 | -379,300 | March 2020 | −14[8] |
Indonesia | 2020 | 1,088,768 | 2020Q3 | −265,293 | 2019 | −30.4 |
Ireland | 2020 | 399,064 | 2020Q3 | -705,962 | 2019 | −172.0[6] |
Israel | 2020 | 383,425 | 2020Q3 | +187,717 | 2019 | 41.0 |
Italy | 2020 | 1,848,222 | 2020Q3 | +3,676 | 2019 | −1.7[6] |
Japan | 2020 | 4,910,580 | 2020Q3 | +3,674,680 | 2019 | 66.6 |
Kazakhstan | 2020 | 165,730 | 2020Q2 | -64,780 | 2019 | −36.2 |
Kuwait | 2020 | 108,656 | 2019 | +115,211 | 2019 | 83.7 |
Latvia | 2020 | 33,015 | 2020Q3 | -13,530 | 2019 | −44.1[6] |
Lithuania | 2020 | 55,064 | 2020Q3 | -10,378 | 2019 | −23.7[6] |
Luxembourg | 2020 | 68,613 | 2020Q3 | +38,281 | 2019 | 50.9[6] |
Malaysia | 2020 | 336,330 | 2019 | -10,784 | 2019 | −3.0 |
Malta | 2020 | 14,290 | 2020Q3 | +9,100 | 2019 | 62.7[6] |
Mexico | 2020 | 1,040,372 | 2020Q3 | -524,111 | 2019 | −51.4 |
Mongolia | 2020 | 13,385 | 2020Q3 | -36,653 | 2019 | −262.8 |
Montenegro | 2020 | 4,943 | 2018 | -9,044 | 2018 | −178.8 |
Mozambique | 2020 | 14,557 | 2020Q3 | -58,965 | 2018 | −365.2 |
Netherlands | 2020 | 886,339 | 2020Q2 | +918,631 | 2019 | 89.2[6] |
New Zealand | 2020 | 193,545 | 2020Q3 | -117,476 | 2019 | −56.2 |
Nicaragua | 2020 | 11,905 | 2020Q3 | -14,510 | 2019 | −119.9 |
Nigeria | 2020 | 442,976 | 2018 | -82,598 | 2018 | −20.7 |
Norway | 2020 | 366,386 | 2020Q3 | +1,007,779 | 2019 | 238.6 |
Pakistan | 2019 | 276,114 | 2020Q3 | -119,679 | 2019 | −45.4 |
Panama | 2020 | 60,286 | 2020Q2 | -68,232 | 2019 | −96.3 |
Peru | 2020 | 195,761 | 2020Q2 | -86,078 | 2018 | −37.4 |
Philippines | 2020 | 367,362 | 2020Q3 | -4,773 | 2019 | −9.8 |
Poland | 2020 | 580,894 | 2020Q3 | -266,968 | 2019 | −50.0[6] |
Portugal | 2020 | 221,716 | 2020Q3 | -243,497 | 2019 | −100.8[6] |
Romania | 2020 | 248,624 | 2020Q3 | -114,990 | 2019 | −43.4[6] |
Russia | 2020 | 1,464,078 | 2020Q3 | +556,575 | 2019 | 21.8 |
Saudi Arabia | 2020 | 680,897 | 2020Q3 | +625,444 | 2019 | 87.6 |
Serbia | 2020 | 51,999 | 2020Q3 | -49,498 | 2019 | −88.5 |
Singapore | 2020 | 337,451 | 2020Q3 | +937,441 | 2019 | 247.0 |
Slovakia | 2020 | 101,892 | 2020Q3 | -71,295 | 2019 | −65.5[6] |
Slovenia | 2020 | 51,802 | 2020Q3 | -9,499 | 2019 | −19.3[6] |
South Africa | 2020 | 282,588 | 2020Q3 | +115,570 | 2019 | 8.0 |
South Korea | 2020 | 1,586,786 | 2020Q3 | +551,949 | 2019 | 30.7 |
Spain | 2020 | 1,247,464 | 2020Q3 | -1,060,451 | 2019 | −74.0[6] |
Sudan | 2020 | 32,576 | 2018 | -85,180 | 2018 | −248.5 |
Sweden | 2020 | 529,054 | 2020Q3 | +89,771 | 2019 | 20.9[6] |
Switzerland | 2020 | 707,868 | 2020Q3 | +727,984 | 2019 | 117.2 |
Taiwan | 2020 | 635,547 | 2019 | +1,342,780[9] | 2019 | 219.9 |
Thailand | 2020 | 509,200 | 2020Q3 | +79,929 | 2019 | −1.8 |
Tunisia | 2020 | 39,226 | 2018 | -57,117 | 2018 | −143.2 |
Turkey | 2020 | 649,436 | 2020Q3 | -368,671 | 2019 | −47.3 |
Uganda | 2020 | 37,733 | 2019 | -18,640 | 2019 | −60.8 |
Ukraine | 2020 | 142,250 | 2020Q3 | -21,030 | 2019 | −13.8 |
United Kingdom | 2020 | 2,638,296 | 2020Q3 | -668,034 | 2019 | −25.2[6] |
United States | 2020Q3 | 21,170,000[10] | 2020Q3 | -13,950,200 | 2020Q3 | −65.9 |
Zambia | 2020 | 18,909 | 2020Q1 | -28,486 | 2019 | −116.5 |
See also
- Net foreign assets
- List of countries by external debt
- List of countries by public debt
- List of countries by net international investment position per capita (disambiguation)
References
- "India's International Investment Position (IIP), March 2020". Reserve Bank of India.
- Bivens, L. Josh (December 14, 2004). "Debt and the dollar: The United States damages future living standards by borrowing itself into a deceptively deep hole". Epinet.org. Archived from the original on January 20, 2008. Retrieved 2009-06-28.
- Ministry of Economic and Finance of Argentina International Investment Position Methodology page.1
- "Report for Selected Country Groups and Subjects". International Monetary Fund.
- "IMF Data". data.imf.org. Retrieved 29 January 2021.
- "Net international investment position in % of GDP - annual data; code: tipsii10". Eurostat. Retrieved 6 May 2020.
- Central Bank of Iceland
- [India’s International Investment Position (IIP), March 2020 "Reserve Bank of India - Press Releases"] Check
|url=
value (help). www.rbi.org.in. Retrieved 2021-01-30. - Central Bank of the Republic of China (Taiwan)
- "Gross Domestic Product, Third Quarter 2020 (Third Estimate)", Bureau of Economic Analysis.
External links
- Bureau of Economic Analysis Elena L. Nguyen: The International Investment Position of the United States at Yearend 2007. U.S.
- Bank of Japan Japan’s International Investment Position at Year-End 2009 (Retrieved on June 30, 2011)
- Deutsche Bundesbank (German Central Bank) International Investment Position - External Debt Statistics
- European Economic Forecast Spring 2010 European Commission working draft Graph 1.3.2., International investment position since 1980 in major economic units.
Statistics
- International Monetary Fund (IMF) International Investment Position (IIP) Data
- International Monetary Fund (IMF) World Economic Outlook Database, April 2011
- UK National Statistics Great Britain: International Investment Position, Table K
- Saint-Petersburg (Russia) statistic Economic statistics of St. Petersburg